Dear Valued Investors and Partners,

The economic landscape has indeed continued its significant evolution since my last message in December 2024. As we move through mid-2025, I want to reiterate that our strategic foresight from last year remains remarkably pertinent. This consistency in our outlook, and the validity of our prior predictions, underscore that we are firmly on the right track and well-prepared for the ongoing global dynamics.

Our fundamental decision to maintain a strong cash position continues to be a cornerstone of our strategy, providing us with the necessary flexibility to navigate volatility and seize emerging opportunities. While global economic shifts and regional uncertainties persist, our proactive approach ensures we remain agile and resilient.
Our investment activities continue to be sharply focused on Artificial Intelligence (AI), recognizing its transformative power across industries. Furthermore, in direct response to the evolving global challenges, we are strategically expanding our reach.

Entering Defense Logistics: We are excited to announce our entry into the defense logistics sector through a new joint venture. This move positions us at the forefront of a critical industry, addressing the complex logistical demands driven by current geopolitical realities.

Expanding Food Production Investments: Building on our established presence in the agricultural and food industries, we are planning further strategic investments in the food production sector. This reinforces our commitment to a vital industry that is increasingly critical for global stability and security.
Dear investors, rest assured, Globtec is exceptionally well-prepared for the current global environment. We anticipated these challenges long ago, positioning our portfolio and strategies to not only withstand but to thrive amidst the shifts. Your continued trust and partnership are invaluable, and we are confident that our strategic decisions will continue to deliver substantial long-term value.
Sincerely,

Murat Karabay
CEO, Globtec Investment LLC
London, June 16, 2025